Our Blog

Short sales have been seen as a way to reduce the large number of foreclosures by allowing homeowners to 'sell' their homes for less than the amount that is owed on mortgage, however the wait to contract on these real estate deals tends to be so long that the deals are falling apart, leadin [Read More]

A survey of NAR members finds that, as a result of the increased use of AMCs, fees to appraisers are going down, appraisals are taking longer, and, perhaps most importantly, deals are falling through when appraisers are chosen who aren’t familiar with a market area.

Hello everyone and please pardon my recent absence. I've been very busy taking care of out of state buyers wanting homes in Hernando County. Over the past six months I have come to the realization that unless a short sale is being mitigated, or watched over by an attorney specializing in real e [Read More]

Restructuring of mortgage giants, Fannie Mae and Freddie Mac is being considered by the Obama Administration. This restructuring would remove hundreds of billions of dollars in troubled loans from the companies and would be handed over to new government-backed lenders. These lenders would take over [Read More]

Taylor, Bean & Whitaker, one of the top 10 wholesale lenders in America has exited the scene. What this means to Realtors is simply that you will have one less channel to get your customers the interest rate and terms they most qualify for and one more big plus for all the banks, especially the [Read More]

Home sales are up for the 5th month in a row! The last time there was 5 consecutive monthly gain in contracts for purchase was back in July of 2003. Low mortgage interest rates, reduced home prices, and a large inventory are encouraging the Buyers who, a year ago were "sitting on the fence&quo [Read More]

As we all know between 2000 and 2007 we all saw home prices increase alot,A reseach done by a company reported that california and florida led the nation in the highest increase between those years in a few counties, it also stated between 2007 and 2009 led the nation in the highest decreases with [Read More]

I was pleasantly surprised when I received a "short sale approval letter" within a week from submitting our contract to the listing agent. I told my buyer that I was apprehensive about short sales, but they had their heart set on this home, afte viewing approximately 30 homes with us. We [Read More]

In a monthly comparison during May, the financial data companies Standard & Poor and Case-Shiller showed an increase in home values for the first time in almost three years. According to David Blitzer, chairman of the index committee for Standard & Poor, "This could be an indication t [Read More]

There’s a new game on Wall Street— high-speed trading—and it’s rewarding the usual suspects; those traders with the ‘biggest guns,” in other words, with the fastest computers. At the head of this list is Citigroup, the recipient of $45 billion in TARP funds from [Read More]